How to buy Dogecoin in 2024?

Have you ever considered investing in cryptocurrencies? If so, chances are memecoins have caught your eye and you’ve thought about buying Dogecoin. 

With its unique origins and active community, Dogecoin has emerged as one of the most discussed and traded cryptocurrencies in recent years. 

In this guide, we’ll explore the reasons why you might consider buying Dogecoin in 2024 and how to get started with this investment process!

Quick Steps to Buy Dogecoin – What Do You Need to Do?

Buying Dogecoin can be a lot simpler than you might think. To get started, you will need:

• Step 1: Open a Binance account
  • Go to the Binance website and follow the instructions to sign up. It only takes a few minutes.
• Step 2: Deposit money
  • Once you sign up, click ‘Deposit’ and add money to your account.
• Step 3: Find Dogecoin
  • With your account funded, search for ‘Dogecoin’ on the platform.
• Step 4: Buy Dogecoin
  • Click ‘Trade’ next to Dogecoin, enter the amount you wish to invest and confirm the purchase.

How to buy Dogecoin?

Let’s understand how to buy Dogecoin in more detail. Here, we will show you the step-by-step process on the most popular broker on the market, Binance, but you can repeat the same process on the broker of your choice!

Step 1: Open a Binance account

Before you can start buying Dogecoin, you’ll need to create an account with a brokerage. Opening an account takes less than 10 minutes and you can register on your computer or directly on your mobile phone.

Simply access the official website of Binance or your preferred broker, fill in the requested data and carry out the security verification.

Step 2: Deposit money into the wallet

After logging into your Binance account, click on your wallet and then click on “Deposit”. Select the FIAT currency (BRL, USD, EUR, etc) you wish to deposit and make the transfer following the instructions. 

Some brokers also offer the option of depositing cryptocurrencies using a credit card .

Step 3: Find Dogecoin

Click on “Market” and search for Dogecoin. Select the trading pair with your FIAT currency deposited in your wallet.

Example: DOGE/BRL or DOGE/USD.

Step 4: Buy Dogecoin

Once you have selected the Dogecoin trading pair, select the amount you wish to purchase. You can select the quantity based on the amount of fiat you wish to purchase or the units of Dogecoin you wish to trade.

The final purchase value or the number of cryptocurrency units purchased will depend on the daily price.

Where to buy Dogecoin – The most advantageous and safe brokers

You have several options when it comes to buying Dogecoin, one of the most popular meme coins. 

When deciding where to invest in Dogecoin, you should consider things like whether the platform is regulated, how much money you need to get started, how you can afford to pay, and how good the customer service is.

Here are the five best places to buy Dogecoin in 2024.

Binance

Binance is the most popular cryptocurrency exchange with over 150 million users worldwide. If you want to buy Dogecoin there, you will pay a trading commission of 0.10%, which is one of the lowest on the market.

What’s more, if you use specific currencies like TUSD, BUSD, or FDUSD, you won’t pay any trading commission. And if you pay with BNB, you can even get a 25% discount on the commission. 

But deposit fees depend on the country and payment method. On average, using a debit/credit card costs 1.8% to 2%. Or you can deposit funds using Binance’s peer-to-peer marketplace, where sellers set the prices.

Binance is also great for diversifying your investments, as it supports hundreds of different cryptocurrencies, such as Bitcoin, Ethereum, Cardano, and Solana.

Additionally, Binance offers features such as yield accounts, where you can earn interest, and staking tools. However, the highest yield for Dogecoin is just 0.14%. To earn more, you will need to deposit another cryptocurrency.

Buy Dogecoin on Binance

Bybit

Bybit is a cryptocurrency exchange that started in 2017 and has become very popular in the crypto world. It is among the top 5 cryptocurrency exchanges with a large trading volume.

You can buy Dogecoin on Bybit using cryptocurrencies or credit/debit cards. Some places also offer other payment methods, such as UPI. On Bybit, you can make simple or margin trades, where you can use up to 10x more than you have.

Bybit has a system called audited proof of reserves, which shows that they hold all the assets that customers deposit. They openly display all the assets held, and users can easily verify this.

 Buy Dogecoin on Bybit

CoinEx

CoinEx is a reputable cryptocurrency exchange based in Hong Kong. It was founded by Haipo Yang, an early Bitcoin investor. The exchange rose to prominence in 2017 and is part of the ViaBTC group, which also runs a mining pool.

CoinEx offers a variety of services, including spot trading, smart trading tools, and margin trading support. They do not offer services for forex or stock trading, only cryptocurrencies.

At CoinEx, you have access to over 700 different cryptocurrencies, organized into categories like GameFi, RWA, and Layer 2 tokens. Some of the most popular trading pairs include BTC/USDT, ETH/USDT, and SOL/USDT.

Like Binance, CoinEx has its own native currency called CET. You can use CET to get discounts on trading fees and pay gas fees on the CoinEx Smart Chain.

Buy Dogecoin on CoinEx

Gate.io

Gate.io is a global cryptocurrency exchange that offers over 1,700 cryptocurrencies, NFTs, and exchange services for traders. You can buy and sell digital assets in a variety of ways, including spot trading, leveraged trading, futures, and ETFs. It’s a good option for both beginners and advanced traders and offers earning programs.

To keep users’ assets and transactions safe, Gate.io uses multiple blockchain solutions such as cross-address technology, hot and cold wallet storage, and multi-signature security protection technology.

They also have a wealth of educational resources, such as guides, blogs, and news, suitable for all levels of traders. There is a dedicated beginners section on the site, with guides on how to buy cryptocurrencies and spot trade.

You can access Gate.io through its mobile app, available for iOS and Android devices.

Buy Dogecoin on Gate.io

Kucoin

KuCoin is a cryptocurrency trading platform with a wide range of features and low fees, which may appeal to experienced crypto investors, especially outside the US. However, it is not licensed to operate in the US. Still, US users can access the site to buy and sell less common cryptocurrencies.

Buy Dogecoin on Kucoin

OKX

OKEx is a major cryptocurrency exchange, currently ranked 6th by market cap. It offers over 350 cryptocurrencies, including Dogecoin. 

The OKEx interface is easy to use, allowing users to buy Dogecoin via spot trading or card payments.

OKEx offers several features such as Earn program, copy trading, and crypto lending. Additionally, it has introduced OKB and OKT chains for decentralized application development.

However, it is important to note that OKEx is not available in the US. Fees on the platform can be reduced based on the holding of OKB tokens. 

OKX DEX is a global alternative for users all over the world.

Buy Dogecoin on OKEx

What is Dogecoin?

Dogecoin is one of the most well-known cryptocurrencies today. Created in 2013, it is inspired by the Japanese Shiba Inu dog and works using the same blockchain technology as Bitcoin and Ether.

The creators of Dogecoin essentially copied Bitcoin’s code, changing only a few words. The main difference between them is that Bitcoin has a maximum limit of 21 million coins, while Dogecoin has no limit, meaning there can be an unlimited number of Dogecoins. 

While Dogecoin can be used for payments and transfers, it is not considered a store of value and its price is very volatile.

Dogecoin started out as a joke in 2013, created by Billy Markus and Jackson Palmer. They didn’t have any big plans for the coin, but it eventually became popular, mainly due to its active community. 

The community initially raised money to sponsor Jamaica’s bobsled team at the 2014 Winter Olympics and also sponsored a NASCAR driver.

Currently, Dogecoin is mainly used for daily transactions due to its speed and low cost. While many people buy Dogecoin with the aim of making a profit, it is important to understand that cryptocurrencies are highly volatile and risky. For example, Dogecoin’s value increased by over 14,000% in a few months in 2021, but has since lost over 90% of that value.

Reasons to buy Dogecoin in 2024?

Dogecoin, a cryptocurrency that has attracted market attention, has several reasons that could make it an interesting choice for investors. 

Let’s explore some important reasons:

Powerful Community

Since its launch, Dogecoin has built a robust community, including influential figures such as Elon Musk and Mark Cuban. The involvement of these opinion leaders attracts more investors, contributing to the cryptocurrency’s performance.

Continued support from Elon Musk

Tesla CEO Elon Musk has been a vocal supporter of Dogecoin, boosting its popularity through frequent tweets. His continued support is a significant factor in considering the cryptocurrency’s long-term success potential.

Decentralization

Dogecoin is decentralized, meaning it is not controlled by a central authority. This feature provides it with advantages in terms of resistance to government regulation.

Listing in several brokerages

Dogecoin’s presence on several renowned exchanges, such as Binance, Kraken, eToro, and Robinhood, makes it easy to buy and sell the cryptocurrency. 

This accessibility makes it an attractive option for investors looking for alternatives to traditional investments.

Scalability

While scalability is a challenge for many cryptocurrencies, Dogecoin stands out for its ability to handle a large number of transactions without facing network issues. 

This feature puts DOGE at the forefront of cryptocurrencies with the potential for widespread adoption.

Significant price correction:

Dogecoin’s value has undergone significant corrections in recent years, creating opportunities for investors. Recent movements indicate long-term growth potential.

Affordable price:

The price of Dogecoin remains relatively low compared to other major coins such as Bitcoin and Ethereum. 

This offers the opportunity to acquire significant volumes at a more affordable cost, making it an interesting option for investors seeking diversification.

Conclusion

In conclusion of the guide on how to buy Dogecoin in 2024, it is clear that this cryptocurrency offers a number of advantages and attractions for potential investors. 

The strong community around Dogecoin, coupled with continued support from prominent figures like Elon Musk, demonstrates the long-term potential of this digital currency.

Furthermore, its decentralization, listing on several renowned brokers and scalability stand out as positive points, making Dogecoin an interesting option for those looking to diversify their investments in the cryptocurrency market.

However, it is important to remember that investing in cryptocurrencies involves risks and volatility, and it is crucial to conduct careful research and fully understand the risks before making any investment decisions.

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